International Internet Magazine. Baltic States news & analytics
Tuesday, 03.03.2015, 17:02
The future’s economic development will be based on a reduced-to-minimum distance between the supply-demand sides of the production chain. Another change is a shift from economic ownership categories to a “user-ship” one. Business in the Baltics has to see the future trends and accommodate to changes…
Europeans are already about seven years in “after crisis” time. Both laymen and experts are trying to find ways of avoiding another one. While both blame capitalism, some say it’s about the wrong governance and bad economics.
Commission’s new initiative is aimed at creation the genuine EU’s capital markets union in order to assist businesses in Europe. After some consultations with the member states, an action plan will pave the way for the all-Europe’s financial market by 2019.
The European Central Bank announced recently a large program of quantitative easing (QE), involving a purchase of over €1 trillion of assets (mainly government bonds) in the euro-zone countries. It’s a huge change from a conservative ECB’s position in monetary policy with possible strong effect for economy and business in the three Baltic States.
European Commission and European Investment Bank suggested new financial instruments, so-called fi-compass advisory platform, which would guide member states’ investments (with assistance from EU funds) into real economy. Baltic’s business faces a kind of “self-support” for growth.
At the end of 2014, the Commission adopted a work program for EU states in 2015 and two other years. Amongst the actions are six main priorities: “investment plan for Europe” with expected 315 billion €; measures towards single digital market and in energy union; a fairer and transparent approach to taxation; new European migration program, and deepening the EU monetary union.
It is a trivial pursuit: growth can be achieved with a due investment. Business people knew that from time immemorial… It seems that the Commission and European Investment Bank at last paid attention to the idea and intends to assist the member states through defined and recommended actions.